Facebook and Twitter Face Threat of Fines in U.K. Crackdown

Facebook and Twitter Face Threat of Fines in U.K. Crackdown

LONDON (Capital Markets in Africa) – Social media giants including Facebook and Twitter face the threat of fines if they fail to take down harmful content such as images of child abuse and material inciting violence, under a crackdown launched in the U.K. The government is “minded” to give broadcast regulator Ofcom a role as internet watchdog, Culture Secretary Nicky Morgan and Home Secretary Priti Patel said on Wednesday. The proposals are yet to be fleshed out in detail, but the…

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BP Will Erase Its Own CO2 Emissions by 2050, New CEO Says

BP Will Erase Its Own CO2 Emissions by 2050, New CEO Says

LONDON (Capital Markets in Africa) – BP Plc pledged to achieve net-zero emissions from its own oil and gas operations and production by 2050 while halving the carbon intensity of all the products it sells, as its new boss sets out his vision for the future. London-based BP became the latest fossil fuel giant to set out an ambitious, yet rather distant, the target for curbing emissions of planet-warming gases. The announcement from incoming Chief…

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Sanders’s Rise Sparks Re-Evaluation by Detractors on Wall Street

Sanders’s Rise Sparks Re-Evaluation by Detractors on Wall Street

NEW YORK (Capital Markets in Africa) – Wall Street has little use for Bernie Sanders. The Vermont senator and self-described democratic socialist boasts about his antagonistic relationship with the moneyed class and plans to tax the rich and hamstring banks. Yet the market’s been calm as he climbed in the national polls, notching a win in the New Hampshire primary — the S&P 500 closed at an all-time high Tuesday. The reaction was different last fall, when…

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Barr Unleashes Justice Department Turmoil Over Stone Case

Barr Unleashes Justice Department Turmoil Over Stone Case

NEW YORK (Capital Markets in Africa) – Attorney General William Barr is confronting one of the biggest crises of his tenure after the Justice Department reversed course on a recommendation about how long one of President Donald Trump’s allies should go to prison, prompting a team of career prosecutors to quit the case. Coming after he helped the president navigate the special counsel’s probe of Russian election meddling and prevail in the third presidential impeachment trial in U.S….

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LAGOS (Capital Markets in Africa)- Spain’s Grifols family has prospered with storefront collection centers across U.S. Harry Lee Armstrong is almost broke. But he’s found a quick way to make a little cash. It’s called “plassing.” Laid off from his construction job, Armstrong has driven to a storefront donation center where a valuable global commodity — the golden plasma in human blood — is harvested seven days a week. Wedged between a dental office and a liquor…

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Johnson Backs HS2 U.K. Rail Plan Amid Rising Costs and Tory Rage

Johnson Backs HS2 U.K. Rail Plan Amid Rising Costs and Tory Rage

LONDON (Capital Markets in Africa) – U.K. Prime Minister Boris Johnson committed tens of billions of pounds for a controversial new high-speed rail line linking London with cities to the north, despite soaring costs and mounting anger from his own Conservative Party colleagues. The High Speed 2 (HS2) development will become Europe’s largest infrastructure project but it has suffered delays and criticism of its management, with spiraling costs estimated to rise potentially to more than…

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Scotland’s Leader Warns Johnson He ‘Can’t Deny Democracy’

Scotland’s Leader Warns Johnson He ‘Can’t Deny Democracy’

LONDON (Capital Markets in Africa)- Scottish First Minister Nicola Sturgeon vowed to maintain pressure on the U.K. for another referendum on independence and said the standoff with Prime Minister Boris Johnson over the issue is just a “phony battle.” In an interview with Bloomberg Television in Brussels on Monday, she also repeated the possibility of asking the courts to decide whether the Scottish Parliament already has the power to hold a consultative vote. That, though, is not the preferred…

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